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Uranium Energy Corp (UEC) RSS Feed

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http://www.uraniumenergy.com/ The Company is authorized to issue 750,000,000 common shares with a par value of $0.001. As of February 9, 2006, there are 14,153,722 common shares outstanding. Uranium Energy Corp Commences Trading on OTC Bulletin Board Friday February 17, 9:00 am ET AUSTIN, Texas--(BUSINESS WIRE)--Feb. 17, 2006--Uranium Energy Corp ("UEC") (OTCBB:URME - News) announces that the Company has commenced trading on the OTC Bulletin Board, under the symbol URME: OTCBB. The company became effective in January 2006 following the filling of its SB-2 registration statement with the US Securities and Exchange Commission. ADVERTISEMENT Uranium Energy Corp is a US-based junior resource company with the near-term objective of uranium production in the United States. The company's management is comprised of veteran mining and exploration professionals eminent in the field of uranium, whose collective experience in the mining industry, and specifically in the uranium mining sector, gives the Company over 150 years of uranium mine-finding and uranium mine development expertise. UEC is well positioned to capitalize on the world's first significant alternative energy boom. The company has focused its early property acquisition program primarily in the southwestern US states of Texas, Wyoming, Arizona, Colorado and Utah. This region has historically been the most concentrated area for uranium mining in the US. With the use of historical exploration databases, UEC has been able to target properties for acquisition that have already been the subject of significant exploration and development by senior energy companies in the past. UEC's strategy of acquiring exploration databases and leveraging those databases to generate acquisition targets has been effective thus far. The Company will continue to aggressively pursue this formula on an ongoing basis. The company's exploration mandate is to identify and acquire properties that demonstrate historical uranium resources. To date, the Company has successfully acquired property containing 10.7 million pounds of historic uranium resources, with a potential of 26.5 million pounds in additional resources being identified by the Company's databases. The Company's foundation asset, located in Goliad County, Texas, has 5.2 million pounds of historic and ISL-amenable (In Situ Leaching) uranium resource with potential targets of 10 million pounds in additional resources. Planning for the first phase of confirmation drilling and ISL permitting is underway. Alan Lindsay, Chairman of the board of Uranium Energy Corp states, "Our public listing is the next important step in the evolution of Uranium Energy Corp. Over the past year and a half, we have built a significant portfolio of personnel and resources. We now have the ingredients necessary to build a formidable uranium mining company. UEC is an extremely well-timed production development venture." Insider's own about 1/3 of the O/S as seen here in the Filings http://www.pinksheets.com/quote/filings.jsp?symbol=URME
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